Dedicated to Deposits: Deals, Data, and Discussion

3.00% 26-Month/49-Month CD at SunTrust in Florida


SunTrust Bank

Update 2/19/2010: This CD special is now available at all SunTrust branches in Central Florida.

SunTrust is advertising a competitive CD special that's a bit unusual. It requires that you deposit equal amounts in a 26-month CD and a 49-month CD. Both have a 3.00% APY which is competitive even for a 4-year CD. A SunTrust checking account is required. The offer is available for consumer, business and IRA CDs. Minimum deposit is $2,000, and the maximum is $1 million. This special doesn't seem to be listed at SunTrust's website. It was advertised in today's (2/14/2010) Tampa Tribune. The ad is available online here.

According to the ad, the offer is good in metropolitan Tampa, Florida. So this may not be available at all SunTrust locations. If you find it's available elsewhere, please leave a comment.

Update 2/19/2010: I was just informed that this CD promotion is now available at all SunTrust branches in Central Florida in addition to the Tampa area. I was also told more details about the checking requirement: Solid Choice checking (15k combined min balance requirement) or Signature Advantage (250k combined min balanace requirement) checking are required.

I just posted on a $150 SunTrust checking account bonus that appears to be available nationwide (see post). In January, SunTrust was offering a 1.60% money market promotion with the rate guaranteed for 3 months (see post). I was told on 2/19/10 that this mma promo is still available.

Dow Jones reported on SunTrust's downgrading by Standard & Poor's Ratings Services on February 1st:

SunTrust, which serves areas of the southeast U.S. hit hard by the real estate crash, including Florida, has suffered from exposure to local construction and commercial real estate, as well as effects of high unemployment. The lender posted a string of losses last year.

As you may expect, SunTrust's ratings for safety and soundness are a little weak: 3 stars (adequate) at BauerFinancial and 1 star (lowest) at Both are based on 9/30/09 financial data.

SunTrust is a FDIC member (FDIC Certificate # 867). It's one of the large regional banks with $166 billion in assets and $126 billion in deposits.

  Tags: CD rates, Florida, IRA rates, SunTrust Bank

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Comment #1 by CapitalClimate (anonymous) posted on
This deal is now being advertised in the Washington, DC area and is on the bank web site:

Comment #2 by Anonymous posted on
This deal is now available in Georgia as well.  The minimum was a bit confusing.  The CSR I spoke to was not very knowledgable but she told me that you must deposit 2000 in EACH CD as a minimum not split 2000 between the two.